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Stagecoach and National Express agree to merge
| 题名： | Stagecoach and National Express agree to merge |
| 正文语种： | eng |
| 摘要： | The boards of Stagecoach and National Express have agreed to merge in a deal due to be completed by the end of 2022, with National Express shareholders owning approximately 75% of the combined equity and NatEx directors holding a similar proportion of seats on the new board. Around 50 head office and senior management posts are likely to be lost across the two groups, together with some IT roles, but NatEx says it does not expect any operational jobs to be lost or depots closed. The merger is subject to prior approval of the Competition & Markets Authority (CMA) and the two groups warn that the CMA may demand remedial action such as the disposal of parts of the business, assets or property. Stagecoach currently has an approximate 26% share of the UK bus market outside London and around 14% of the London market, with depots in the east and south-east of the UK capital. The main geographical overlap with NatEx is in the south of the West Midlands, where both operators' local buses serve Coventry and neighbouring parts of Warwickshire. With the combined business intending to operate many National Express coach services from Stagecoach depots, Stagecoach has removed another area of conflict by negotiating the sale of its competing Megabus and other longer distance express coach businesses to Singapore-based ComfortDelGro for £8.75million. |
| 出版年： | 2022 |
| 期刊名称： | Buses |
| 卷： | 74 |
| 期： | 803 |
| 页码： | 6-7 |
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